Aeroplane Engines Market - Global Growth, Trends and Forecast (2022-2027) By Types, By Application, By Regions and By Key Players: General Electric, MTU Aero Engines AG, Rolls-Royce Holdings, Textron

Over the next five years the Aeroplane Engines market will register a 7.8% CAGR in terms of revenue, the global market size will reach USD 92.4 billion by 2027.

Aeroplane Engines Market Overview

The planned fleet modernization and expansion plans of airlines, aircraft operators, armed forces, and charter operators are expected to propel the growth of the Aeroplane engines market during the forecast period.The global Aeroplane Engines market is intended to develop with the progression of the aeroplane manufacturing industry gaining demand on the back of some vital factors. There is a rising requirement for less time-consuming and comfortable travel of passengers and transportation of goods. Although the demand could be more in commercial applications, Aeroplane Engines are projected to gain a high prominence in the military sector countering drug trafficking, illegal infiltration, and terrorism. As for the commercial sector, Aeroplane Engines could be increasingly installed in new commercial aeroplanes manufactured at a growing rate to match the pace of the mounting count of airline passengers.Aeroplane engines with higher fuel efficiency, compact size, and lightweight are in demand today. The rise in demand for air travel has led the airliners to increase their aircraft fleet size. This demand for new aircraft is expected to drive the growth of the market. Moreover, the rising issue of reducing the carbon footprint has diverted the focus on the development of advanced types of Aeroplane engines such as electric or hybrid engines, which is expected to fuel market growth. However, existing backlogs in Aeroplane deliveries are expected to restrain the Aeroplane engine market growth.

Industry News:

Textron Aviation today announced Surf Air Mobility Inc., has signed a purchase agreement for up to 150 Cessna Grand Caravan EX single-engine turboprop aircraft, with an initial fleet order of 100 aircraft and an option for 50 more. The order, which is subject to Surf Air Mobility obtaining financing, is part of an exclusive relationship between the two companies supporting Surf Air Mobility’s development of electrified Cessna Grand Caravan aircraft, beginning with a hybrid electric Cessna Grand Caravan aircraft powered by Surf Air Mobility’s proprietary powertrain technology.

In December, Honeywell signed a memorandum of understanding with British startup Faradair Aerospace to collaborate on systems and a turbogeneration unit that will run on sustainable aviation fuel to power Faradair's Bio Electric Hybrid Aircraft (BEHA). Faradair intends to deliver 270 hybrid-electric BEHAs into service by 2027, of which 150 will be in a firefighting configuration. Honeywell is in advanced discussions with several other potential turbogenerator customers, working to help define power requirements based on mission profiles required by various manufacturers.

What are the major Applications, Types and Regions for Aeroplane Engines Market?.

By Type, it is segmented into

• Piston Engine


• Gas Turbine Engine


• Other Engine

By Applications it is segmented into

• Commercial Aeroplanes


• Military Aeroplanes

Aeroplane Engines Market Regional Analysis

The international Aeroplane Engines market is prophesied to see a segmentation into North America and other major regions such as Asia Pacific Excluding Japan and Europe. Amongst these, North America could take the driver’s seat in the market while clutching a top revenue growth.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Aeroplane Engines Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Aeroplane Engines Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Aeroplane Engines Market report scope?

Key Takeaways from this Aeroplane Engines Report

• Evaluate Aeroplane Engines market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Aeroplane Engines market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

FAQ -

What is the study period of this market?

The Aeroplane Engines Market is studied from 2017 - 2027.

 What is the growth rate of Aeroplane Engines Market?

The Aeroplane Engines Market is growing at a CAGR of 7.8% over the next 5 years.

What regions does this Aeroplane Engines Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.